Find a service:
Find
We've helped
hundreds of thousands
of Canadians

get out of debt

DEBT ASSISTANCE AT MNP LTD IN VIRGIL, ONTARIO

If you’re stuck on the rollercoaster of debt — and temporary fixes just aren’t working for you — it’s time to find a more permanent solution. That’s where MNP LTD stands out. We offer Life-Changing Debt Solutions that can help you say goodbye to debt for good. One of our Licensed Insolvency Trustees in Virgil will work privately with you to put together the right plan of action for your unique circumstances. We empower you to resolve your financial challenges, so you can finally become debt free.

There is 1 office near you

Understanding your options with our Licensed Insolvency Trustees

Your local MNP LTD Licensed Insolvency Trustee in Virgil is always here to discuss all the solutions that may be available to you, including:

DEBT RELIEF

At MNP LTD, we recognize that every debt challenge is different. This is why one of our Licensed Insolvency Trustees will explain all of your options in detail, so you can choose the best course of action. We’re here to provide unbiased, non-judgemental guidance, support and advice every step of the way, so you can put an end to your debt for good.

BANKRUPTCY

As a structured, formal process, the purpose of bankruptcy is to provide you with a fresh financial start. Your local Licensed Insolvency Trustee will assist you throughout the process, including completing and filing all necessary paperwork, alerting your creditors, halting wage garnishments and helping stop further legal action against you.

CONSUMER PROPOSAL

Managed by a Licensed Insolvency Trustee, the consumer proposal process consists of negotiating a formal agreement between you and your creditors that enables you make set monthly payments over a fixed period of time (not to exceed five years). Whereas in a bankruptcy you may lose some assets, a consumer proposal allows you to keep all assets.

DEBT CONSOLIDATION

A debt consolidation loan merges multiple debts into a single monthly payment, normally at an interest rate that’s lower than your current credit card debt. Because you only have one monthly debt payment to keep track of, debt consolidation helps take the guesswork out of paying bills and can make budgeting easier. As accredited insolvency counsellors, our Licensed Insolvency Trustees will discuss all of your options with you, so you can decide on the best path to take to become debt-free.

INSOLVENCY

Different in meaning than bankruptcy, which is a legal process, insolvency refers to a financial state of not being able to meet debt payments on time. While filing for bankruptcy can resolve insolvency, it may not be your only option — depending on your situation, you might also be able to make a consumer proposal or take out a debt consolidation loan.

When it comes to debt solutions, exploring your options is key. Whether you want to know the key differences between bankruptcy and a consumer proposal or you’re wondering what the process of consolidating credit involves, your local Virgil MNP LTD bankruptcy trustee is here to provide the guidance and support you need. Start today with a free confidential consultation.